SPC Stone Gate LLC is a real estate fund based in Lake Elmo, Minnesota. According to its most recent Form D, filed Mar 7, 2025, it has sold $4,602,500 of interests to 73 investors since its first sale in Feb 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Nicholas Stromwall; Jeremy Dyer; Nathan Wagner.
- Total raised
- $4,602,500Cumulative sales reported on Form D
- Investors
- 73
- First sale
- Feb 28, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Nicholas Stromwall; Jeremy Dyer; Nathan Wagner
- Latest Form D
- Mar 7, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about SPC Stone Gate LLC
What is the minimum investment for SPC Stone Gate LLC?
SPC Stone Gate LLC's latest Form D, filed Mar 7, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SPC Stone Gate LLC?
SPC Stone Gate LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has SPC Stone Gate LLC raised?
SPC Stone Gate LLC reports $4,602,500 sold from 73 investors on its Form D filed Mar 7, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SPC Stone Gate LLC based?
SPC Stone Gate LLC is based in Lake Elmo, Minnesota.
When did SPC Stone Gate LLC launch?
SPC Stone Gate LLC reports its first sale in Feb 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 73% of the 195 real estate funds based in Minnesota, and more than 64% of all 7,351 that report sales.